Harbor Convertible Securities Fund (HICSX)
Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. It also focuses primarily on convertible securities of corporate issuers with debt rated below investment-grade (below Baa3 by Moody's or below BBB- by S&P or Fitch), commonly referred to as "high-yield" or "junk" bonds.
Fund Info
| ISIN | US4115127189 |
|---|---|
| CUSIP | 411512718 |
| Issuer | Harbor |
| Inception Date | May 1, 2011 |
| Category | Convertible Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
HICSX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Harbor Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Harbor Convertible Securities Fund had a return of 2.46% year-to-date (YTD) and 11.91% in the last 12 months. Over the past 10 years, Harbor Convertible Securities Fund had an annualized return of 5.27%, while the S&P 500 had an annualized return of 10.99%, indicating that Harbor Convertible Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.46% | 11.18% |
| 1 month | 4.01% | 5.60% |
| 6 months | 10.70% | 17.48% |
| 1 year | 11.91% | 26.33% |
| 5 years (annualized) | 6.49% | 13.16% |
| 10 years (annualized) | 5.27% | 10.99% |
Monthly Returns
The table below presents the monthly returns of HICSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.34% | 1.74% | 2.17% | -3.38% | 2.46% | ||||||||
| 2023 | 4.61% | -2.45% | -0.16% | -1.92% | 0.93% | 4.77% | 2.56% | -3.16% | -2.15% | -4.19% | 5.54% | 6.30% | 10.37% |
| 2022 | -4.04% | -0.18% | 0.45% | -5.37% | -3.78% | -4.72% | 4.12% | -0.50% | -5.34% | 2.63% | 3.07% | -2.49% | -15.55% |
| 2021 | 1.61% | 3.63% | -3.58% | 1.44% | -0.67% | 1.50% | -0.96% | 0.67% | -1.11% | 2.18% | -2.87% | 0.45% | 2.07% |
| 2020 | 1.10% | -2.18% | -12.40% | 10.10% | 7.24% | 4.27% | 4.75% | 3.30% | -0.95% | 0.40% | 8.83% | 5.21% | 31.41% |
| 2019 | 5.54% | 3.17% | 0.32% | 2.69% | -3.17% | 3.80% | 1.58% | -1.56% | -0.94% | 1.50% | 2.31% | 1.63% | 17.89% |
| 2018 | 2.93% | -0.95% | -0.07% | 0.10% | 2.97% | 0.11% | -0.09% | 2.80% | -0.54% | -4.47% | 0.38% | -3.52% | -0.65% |
| 2017 | 1.62% | 1.22% | 0.54% | 0.92% | 0.73% | 0.28% | 0.73% | -0.27% | 1.07% | 0.90% | -0.18% | 0.10% | 7.93% |
| 2016 | -4.26% | -0.10% | 3.38% | 1.40% | 1.19% | -0.49% | 3.84% | 0.38% | 0.68% | -1.22% | 0.57% | -0.33% | 4.90% |
| 2015 | 0.00% | 2.85% | 0.33% | 0.64% | 1.47% | -1.32% | -0.09% | -2.66% | -1.59% | 1.82% | 0.00% | -1.73% | -0.42% |
| 2014 | 1.37% | 2.53% | -0.54% | 0.00% | 1.24% | 1.06% | -0.96% | 1.05% | -2.90% | 0.36% | 0.09% | -1.01% | 2.22% |
| 2013 | 2.20% | 0.10% | 1.16% | 0.77% | 1.15% | -1.24% | 2.60% | -0.28% | 1.25% | 2.05% | 0.09% | 1.44% | 11.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HICSX is 39, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
HICSX (Harbor Convertible Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Harbor Convertible Securities Fund granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.31 | $0.04 | $1.64 | $1.25 | $0.39 | $0.62 | $1.09 | $0.10 | $0.40 | $0.60 | $0.28 |
Dividend yield | 3.01% | 2.92% | 0.44% | 14.09% | 9.57% | 3.61% | 6.45% | 10.65% | 0.98% | 3.95% | 5.73% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Harbor Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | |||||||
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.64 | $1.64 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.25 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.36 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.58 | $0.62 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.01 | $1.09 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.33 | $0.40 |
| 2014 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.53 | $0.60 |
| 2013 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.20 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Harbor Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Harbor Convertible Securities Fund was 23.68%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Harbor Convertible Securities Fund drawdown is 10.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.68% | Feb 22, 2021 | 417 | Oct 14, 2022 | — | — | — |
| -21.72% | Feb 21, 2020 | 22 | Mar 23, 2020 | 50 | Jun 3, 2020 | 72 |
| -13.05% | May 26, 2015 | 182 | Feb 11, 2016 | 159 | Sep 28, 2016 | 341 |
| -10.66% | Aug 30, 2018 | 80 | Dec 24, 2018 | 41 | Feb 25, 2019 | 121 |
| -8.82% | Jun 1, 2011 | 88 | Oct 4, 2011 | 93 | Feb 16, 2012 | 181 |
Volatility
Volatility Chart
The current Harbor Convertible Securities Fund volatility is 2.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.